BHEL shares gain over 2% on Rs 64-cr order win

Shares of BHEL rose by more than 2 per cent today after the company announced bagging an order worth over Rs 64 crore for setting up sewage treatment plants in Raipur, Chhattisgarh.
The stock moved up by 2.28 per cent to end at Rs 94.15 on the BSE. During the day, it jumped 2.66 per cent to Rs 94.50.
On the NSE, shares of the company went up by 2.17 per cent to close at Rs 94.10.
"As part of its strategy to diversify into new areas, Bharat Heavy Electricals Ltd (BHEL) has won an order for setting up six decentralised sewage treatment plants (STPs) in Raipur, Chhattisgarh," a BHEL statement said.

According to the statement, the order is valued at over Rs 64 crore, and the STPs will have a cumulative capacity of 25.4 MLD (million litres per day).
The order has been placed on BHEL by Raipur Development Authority.